§ 251.59 - Transfer of authorized improvements.

§ 251.59 Transfer of authorized improvements.

If the holder , through death, voluntary sale, transfer, or through enforcement of a valid legal proceeding or operation of law , ceases to be the owner of the authorized improvements, the special use authorization terminates upon change of ownership and issuance of a new special use authorization to another party for the authorized use and occupancy. Except for leases and easements issued under authorities other than § 251.53(e) and leases and easements under § 251.53(l) of this subpart, (j), and (l) that are assignable in accordance with their terms, the new owner of the authorized improvements must apply for and receive a new special use authorization. The new owner must meet requirements under applicable regulations of this subpart and agree to comply with the terms and conditions of the authorization and any new terms and conditions warranted by existing or prospective circumstances.

[63 FR 65967, Nov. 30, 1998

Assignment of leases and easements must comply with all terms governing their assignment.

[88 FR 84709, Dec. 6, 2023]